On Monday I looked at three ASX shares brokers have given buy ratings to this week.

Unfortunately, not all shares are in favour with them right now. Three that have just been given sell ratings are listed below. Here’s why these brokers are bearish on these ASX shares:

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

According to a note out of Citi, its analysts have retained their sell rating and $28.00 price target on this banking giant’s shares. Although the broker acknowledges that ANZ has the largest exposure to the New Zealand market, it doesn’t expect it to benefit as greatly from rising interest rates as the market may think. In light of this, it sees no reason to make any changes to its rating despite the RBNZ potentially increasing rates soon. The ANZ share price is fetching $27.62 today.

Cochlear Limited (ASX: COH)

Another note out of Citi reveals that its analysts have retained their sell rating and $220.00 price target on this hearing solutions company’s shares. It notes that the University of Pittsburgh has sued Cochlear in the USA for alleged patent infringement. However, the broker doesn’t believe the lawsuit will have a material impact. This is because Cochlear noted that its patents predate the university’s patent by several years. However, it still doesn’t see enough value in its shares at the current level to upgrade its rating. The Cochlear share price is trading at $220.53 today.

Synlait Milk Ltd (ASX: SM1)

Analysts at Macquarie have retained their underperform rating but lifted their price target on this dairy processor’s shares to NZ$3.40 (A$3.27). This follows the release of a disappointing full year result earlier this week. The one positive from the result, though, was that Synlait’s balance sheet was better than it expected. As a result, Macquarie has lifted its price target to reflect the lower balance sheet risk. However, the broker is expecting another tough year in FY 2022 and thus isn’t in a rush to change its rating. The Synlait share price was fetching A$3.51 on Tuesday.

The post Leading brokers name 3 ASX shares to sell today appeared first on The Motley Fool Australia.

More reading

• Why we favour 2 of 4 big bank ASX shares: fund manager
• Synlait (ASX:SM1) share price climbs despite largest ever financial loss
• September hasn’t been a great month so far for the ANZ (ASX:ANZ) share price
• Why ANZ (ASX:ANZ) and this dividend share could be buys
• The ANZ (ASX:ANZ) share price is trailing behind the big four today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Cochlear Ltd. The Motley Fool Australia has recommended Cochlear Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Today, the S&P/ASX 200 Index (ASX: XJO) experienced a challenging session. The benchmark index fell 1.37% to 7,283.2 points.

It was a day of deep red with significant falls in the healthcare, tech, materials, and property sectors.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the ten stocks that rose to the occasion:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Beach Energy Ltd (ASX: BPT) was the biggest gainer today. Shares in the oil and gas company jumped 9.72% on the back of optimism among energy shares. Find out more about Beach Energy here.

The next biggest gaining ASX share today was Oil Search Ltd (ASX: OSH). The oil and gas giant’s shares climbed 6.45% to $4.375, once again on euphoria for ASX-listed energy companies. Uncover the latest Oil Search details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Beach Energy Ltd (ASX: BPT)	$1.355	9.72%
Oil Search Ltd (ASX: OSH)	$4.375	6.45%
Whitehaven Coal Ltd (ASX: WHC)	$3.25	5.86%
Origin Energy Ltd (ASX: ORG)	$4.755	5.43%
Santos Ltd (ASX: STO)	$7.105	5.42%
AMP Ltd (ASX: AMP)	$1.035	5.08%
Woodside Petroleum Ltd (ASX: WPL)	$23.97	4.76%
Alumina Ltd (ASX: AWC)	$2.18	4.31%
Incitec Pivot Ltd (ASX: IPL)	$2.945	4.06%
Mercury NZ Ltd (ASX: MCY)	$6.21	2.65%

Our top 10 ASX shares countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most traded ASX 200 shares so far this Tuesday
• The healthcare sector is weighing on the ASX 200 on Tuesday
• ASX 200 energy shares are surging, crude oil to hit US$90/b by year end: analyst
• Which ASX shares are the top movers in the ASX 300 today?
• Why Beach, Collins Foods, Origin, & Tuas shares are racing higher

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Motley Fool Australia Chief Investment Officer Scott Phillips joined Nine’s Late News on Monday night to discuss the three year high for the oil price, travel shares soaring on plans to get out of lockdown, and investors continuing to wait for Evergrande.

The post Oil at a 3 year high and travel stocks soar. Scott Phillips on Nine’s Late News appeared first on The Motley Fool Australia.

More reading

• How the Corporate Travel (ASX:CTD) share price hit a 52-week high despite COVID-19
• Here are the top 10 ASX shares today
• Webjet (ASX:WEB) share price gains 5% to reach new 52-week high
• Why AVZ, Flight Centre, Fortescue, & Sigma shares are storming higher
• Which ASX 300 shares are leading the way on Monday?

Motley Fool contributor Scott Phillips owns shares of Corporate Travel Management Limited and Webjet Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited and Webjet Ltd. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Origin Energy Ltd (ASX: ORG) share price has stepped into the green on Tuesday and, at the time of writing, is trading at $4.76.

As The Motley Fool’s James Mickelboro reported earlier today, Origin shares are on the move after the company announced a positive update regarding its UK investment in Octopus Energy.

Here we examine how the market is reacting to the energy giant’s news today.

What’s up with the company’s shares today?

The Origin Energy share price is up 5.54% with only moments of trade remaining after the company revealed the value of its equity stake in energy retailer Octopus Energy has increased substantially.

Origin strategically invested a total of 211 million pounds (A$507 million) into Octopus last year, earning it a 20% stake in the UK energy retailer. This was on a valuation of around $2.5 billion at the time.

Today’s release notes that Octopus Energy has received a 211 million pounds investment from Generation Investment Management, a sustainable investment manager.

As a result, Origin has today announced it will be investing an additional 38 million pounds in Octopus in order to maintain its 20% equity stake.

That’s because Generation’s 7% equity offer puts the valuation of Octopus at around 3 billion pounds (A$5.5 billion Australian) – considerably higher than it was 12 months ago.

So essentially, Origin has to pay up in order to keep the gains coming in from Octopus.

But there’s no need to feel sorry for Origin. Since its initial investment in Octopus, the position has grown in value to $1.1 billion, signifying a return on investment of 92% in a relatively short period of time. That’s almost break even.

Investors appear to have relished Origin’s successful return on capital and are buying Origin shares in droves on Tuesday.

At the time of writing, today’s trading volume is almost 11.5 million Origin shares changing hands, well above the 4-week average volume of 6.4 million shares exchanging daily.

Origin appears equally as satisfied with the outcome, bolstering confidence in its financing decisions.

Speaking on the announcement, Origin CEO Frank Calabria said: 

Origin’s additional investment demonstrates our confidence in Octopus’ strategy, management team and growth prospects, confirmed by GIM, which is one of the world’s most innovative sustainable investment funds. Our exposure to Octopus’ continued success is expected to be an important avenue of growth for Origin.

Origin Energy share price snapshot

The Origin Energy share price has had a horrible year to date and has is currently around 1% in the red since 1 January.

Things aren’t much better over the past 12 months, during which the company’s shares have only climbed 3.8%.

This is well behind the S&P ASX 200 index (ASX: XJO)’s return of around 25% over the past year.

The post Origin Energy (ASX:ORG) share price leaps 6% on investment news appeared first on The Motley Fool Australia.

More reading

• Why Beach, Collins Foods, Origin, & Tuas shares are racing higher
• ASX 200 (ASX:XJO) midday update: Beach shares jump, a2 Milk rises
• Origin (ASX:ORG) share price on watch after Octopus investment update
• The Origin (ASX:ORG) share price is up 5% in less than a week. Here’s why
• Why the embattled AGL (ASX:AGL) share price is surging higher today

The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Bubs Australia Ltd (ASX: BUB) share price is set to finish today’s session strongly in the green.

Investors have bid shares in the goat milk infant formula company 7% higher.

By comparison, the broader S&P/ASX200 Index (ASX: XJO) has sunk more than 1.4% today.

So what’s been fuelling the Bubs share price?

What’s pushing the Bubs share price today?

Bubs has not released any price-sensitive news that could explain today’s bullish price action.

As a result, there are a few factors that could be pushing shares in the infant formula company higher.

Firstly, shares in fellow infant formula producer A2 Milk Company Ltd (ASX: A2M) has enjoyed a strong run recently.

As a result, sentiment towards the sector could be parlayed onto the Bubs share price.

Secondly, investors might have had a change in heart towards Bub’s recent news of expanding into the US.

Earlier this month the company announced plans to expand into the lucrative North American market.

The company’s formula products will be launched on both Walmart‘s (NYSE: WMT) and Amazon‘s (NASDAQ: AMZN) online stores.

Investors did not react to the news favourably, with the Bub share price sinking more than 9% on the day.

The company had flagged first shipment of products in its results presentation for FY21.  

How did Bub’s perform in FY21?

Late last month, shares in Bubs took a tumble following a disappointing full-year report.

The infant formula company posted a huge loss for FY21, with a 24% decline in revenue of $46.8 million.

The dour result was driven by a 44% decline in Australian sales to $20.4 million and a 17.5% decline in China sales to $10.47 million.

Other highlights from the company’s full-year report included;

• Underlying EBITDA loss of $28.5 million
• Statutory loss after tax of $74.7 million
• Cash balance of $27.9 million

Part of the company’s loss for the full year was attributed to a $44.6 million non-cash impairment relating to the Nulac Foods cash generating unit.

Bubs noted that weaker sales, a $12.6 million inventory write down, and the sale of excess bulk powder attributed to a bloated operating loss.

Snapshot of the Bubs share price

Today has provided a brief reprieve for Bubs shareholders.

Shares in the infant formula company have not had a great year, trading more than 39% lower since the start of 2021.

At the time of writing, the Bubs share price is poised to close today’s session more than 5% higher.

The company’s shares were up more than 11% earlier, having hit an intra-day high of 38 cents.

The post Why is the Bubs (ASX:BUB) share price leaping 7% on Tuesday? appeared first on The Motley Fool Australia.

More reading

• Here’s why the A2 Milk (ASX:A2M) share price is rising again today
• ASX 200 (ASX:XJO) midday update: Beach shares jump, a2 Milk rises
• Here are the top 10 ASX shares today
• Here’s why the A2 Milk (ASX:A2M) share price is up 9% in a week
• Why this broker sees ~50% upside in the A2 Milk (ASX:A2M) share price

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Nikhil Gangaram owns shares of A2 Milk. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Amazon. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2022 $1,920 calls on Amazon and short January 2022 $1,940 calls on Amazon. The Motley Fool Australia has recommended A2 Milk, Amazon, and BUBS AUST FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) is out form and sinking on Tuesday. In afternoon trade, the benchmark index is down 1.1% to 7,301.8 points.

Four ASX shares that are falling more than most are listed below. Here’s why they are tumbling lower:

CSL Limited (ASX: CSL)

The CSL share price has fallen almost 4% to $294.85. This appears to have been driven by weakness in the healthcare sector and a broker note out of Credit Suisse. In respect to the latter, the broker believes that CSL’s plasma collection market share will not recover to pre-COVID levels until 2025. Credit Suisse has a neutral rating and $315.00 price target on its shares.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The Domino’s share price is down 2% to $155.80. This morning the pizza chain operator revealed that its ANZ boss, Nick Knight, will be leaving the company. The release explains that Mr Knight will be retiring after 30 years with the company. His exit has sparked a restructuring that will see Domino’s undertake a twin-region structure, focused on opportunities in Europe and Asia-Pacific.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price is down 3% to $12.57. As well as being caught up in the selloff, soft retail sales data may be weighing on this online furniture and homewares retailer’s shares today. The ABS revealed that retail sales fell 1.7% in August. This was the third month in a row of declines.

Xero Limited (ASX: XRO)

The Xero share price is down 6% to $140.57. This decline appears to have been driven by a selloff in the tech sector following a weak night of trade on the tech-focused Nasdaq index. It isn’t just Xero that is tumbling. The S&P ASX All Technology index is down a disappointing 2.4% this afternoon.

The post Why CSL, Domino’s, Temple & Webster, & Xero shares are tumbling appeared first on The Motley Fool Australia.

More reading

• Domino’s (ASX:DMP) share price slips amid management restructure
• The healthcare sector is weighing on the ASX 200 on Tuesday
• Technology shares are dragging the ASX 200 down on Tuesday
• Why the Collins Foods (ASX:CKF) share price is surging higher today
• 2 top ASX growth shares that might be worth buying

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd., Temple & Webster Group Ltd, and Xero. The Motley Fool Australia owns shares of and has recommended Xero. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Cannindah Resources Ltd (ASX: CAE) share price is rocketing to an all-time high today. This comes as the copper and gold company announced impressive assay results from its recent drilling operations.

During morning trade, Cannindah shares rose to a record high of 16 cents and are now trading at 15 cents apiece.

What were the results?

In its announcement, Cannindah advised the first assay results from Mt Cannindah have returned with significant copper and gold credits.

As such, the first drill hole (21CAEDD001) was abandoned after hitting old workings and mining voids at 6 metres deep.

The second hole (21CAEDD002) drilled mostly copper mineralised and sulphidic breccia over a depth of 330 metres. The intersection from the top portion (from ground level to 151 metres) achieved the following:

• 117 metres at 1.01% copper, 0.39 grams per tonne of gold, and 28 grams per tonne of silver from 34 metres to 151 metres

Cannindah noted assays are currently waiting for the second part of the drill (from 150 metres to 330 metres). Initial visual indications suggest the rock contains primary copper mineralisation.

The third hole (21CAEDD003) has encountered a strong amount of copper mineralisation, with chalcocite rich supergene material from 15 metres to 33 metres. The hole was originally planned for a depth of 250 metres but extended to 762.5 metres. Assay results are pending but look extremely positive.

Cannindah is seeking to expand its current 5.5 million tonne JORC resource, with half of its ore reserves falling into the Indicated category. This represents a confident level of geological knowledge in Mt Cannindah containing probable copper, gold and silver credits.

About the Cannindah share price

Over the past 12 months, Cannindah shares have gained an incredible 525% with year-to-date up over 380%.

Based on today’s price, Cannindah commands a market capitalisation of around $77.8 million and has approximately 518.9 million shares outstanding.

The post Cannindah Resources (ASX:CAE) share price surges 30% on assay results appeared first on The Motley Fool Australia.

More reading

• Why CSL, Domino’s, Temple & Webster, & Xero shares are tumbling
• Why the Fortescue (ASX:FMG) share price is down 5% today
• Here are the 3 most traded ASX 200 shares so far this Tuesday
• Li-S Energy (ASX:LIS) IPO booms amid excitement over huge market opportunity
• Woolworths (ASX:WOW) share price slumps this week despite Everyday Market launch

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Fortescue Metals Group Ltd (ASX: FMG) share price is having a hard time digging itself out of its recent rut.

Fortescue shares managed to eke out some gains this morning, opening 0.32% higher to $15.80.

But by the time Chinese iron ore futures markets began trading around 11 am, Fortescue’s gains faded and snowballed to steep losses.

At the time of writing, the Fortescue share price is trading 5.21% lower at $14.93.

Iron ore spot prices rise but futures tumble

Benchmark iron ore prices rallied strongly on Monday, rising 6.2% to US$119.31 a tonne.

According to Fastmarkets, buying activity picked up due to pre-holiday restocking activities ahead of China’s National Day which runs between 1 to 7 October.

As such, the Fortescue share price rallied 2.67% on Monday to $15.75.

On the flip side, benchmark iron ore futures on China’s Dalian Commodity Exchange, for January delivery, plunged on open this morning, diving 4.3% to around 670 yuan a tonne (US$103.7).

Chinese power curbs intensify

China is in the midst of a power supply crisis where 16 of its 31 provincial-level jurisdictions are rationing electricity after failing to make progress earlier in the year, according to the South China Morning Post.

Meanwhile, its crisis has driven up the price of energy commodities such as coal, oil and LNG, some of which are surging to all-time highs.

However, the power cuts and China’s broader carbon goals have forced smelters to curb production, reducing their demand for iron ore.

Mining.com reported that capacity utilisation rates for 247 blast furnaces at steel plants continued to ease. Utilisation rates across China stood at 82.06% last week, down from 83.74% the week earlier.

Fortescue share price snapshot

Things were looking promising for Fortescue, rallying above $16 last Thursday.

Unfortunately, the mounting pressures across China’s energy crackdown, Evergrande crisis and growth outlook have kept comeback hopes at bay.

The Fortescue share price is down 39.8% year-to-date and down 5.8% in the last 12-months.

The post Why the Fortescue (ASX:FMG) share price is down 5% today appeared first on The Motley Fool Australia.

More reading

• Can Fortescue (ASX:FMG) shares deliver long-term passive income?
• 5 things to watch on the ASX 200 on Tuesday
• Why AVZ, Flight Centre, Fortescue, & Sigma shares are storming higher
• Fortescue (ASX:FMG) share price rallies 5% as iron ore climbs
• ASX 200 (ASX:XJO) midday update: Fortescue jumps, Wesfarmers dealt takeover blow

Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) is having a pretty depressing day of trading so far this Tuesday. At the time of writing, the ASX 200 is down a nasty 1.34% to 7,285 points. But rather than dwelling on that miserly figure, let’s instead check out the ASX 200 shares that are topping the charts in terms of raw trading volume so far today, according to investing.com.

The 3 most traded ASX 200 shares so far this Tuesday

Beach Energy Ltd (ASX: BPT)

Our first ASX 200 share to check out today is energy share Beach. This Tuesday has seen a hefty 23.28 million Beach shares trade on the ASX boards so far. This is almost certainly due to the company’s substantial share price jump we have seen today.

As my Fool colleague James covered earlier this morning, Beach announced a partnership with the oil giant BP. Coupled with a sharp increase in oil prices recently, this seems to have given the company a huge boost. Beach energy shares are currently up a very pleasing 8.3% today to $1.34.

Oil Search Ltd (ASX: OSH)

Another ASX 200 energy share takes second spot today in Oil Search. Today has seen a sizeable 25.11 million OSH shares bought and sold so far. Again, we see similar factors influencing this company’s shares today.

Whilst not as enthusiastic as Beach, Oil Search is still up an impressive 5.84% today to $4.35 a share. It’s this jump that is probably behind so many shares trading thus far.

AMP Ltd (ASX: AMP)

And our final and most traded ASX 200 share today is wealth manager AMP. AMP has seen a whopping 68.3 million of its shares change owners so far today. The AMP share price has also jumped today.

It’s presently up a healthy 4.77% to $1.03 a share, almost certainly explaining the huge surge in shares trading today. There are no obvious reasons why AMP’s shares are rocketing, but my Fool colleague Ken discussed this further this morning. 

The post Here are the 3 most traded ASX 200 shares so far this Tuesday appeared first on The Motley Fool Australia.

More reading

• The healthcare sector is weighing on the ASX 200 on Tuesday
• ASX 200 energy shares are surging, crude oil to hit US$90/b by year end: analyst
• Which ASX shares are the top movers in the ASX 300 today?
• Why Beach, Collins Foods, Origin, & Tuas shares are racing higher
• Why the Oil Search (ASX:OSH) share price is surging 5% on Tuesday

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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It has been a stunning first day of trade for the Li-S Energy Limited (ASX: LIS) share price on Tuesday following its IPO.

At one stage today, the battery technology company’s shares were up as high as $3.05.

When the Li-S Energy share price reached that level, it was trading 260% higher than its IPO listing price of 85 cents.

The Li-S Energy IPO

Li-S Energy shares hit the ASX boards this morning after raising $34 million via an oversubscribed IPO. This was supported by retail and well recognised institutional shareholders.

Combined with existing and escrowed shares, this gave the company a market capitalisation of $544 million upon listing. However, with the Li-S Energy share price now fetching $2.31, its market capitalisation has ballooned to approximately $1.5 billion

The company notes that following the IPO and earlier funding rounds, Li-S Energy is exceptionally well capitalised to pursue its commercial and R&D activities. It now has a pro forma cash balance of $52.9 million.

From this, $29 million is earmarked for project expenditure, with working capital of ~$16.5 million to fund potential expansion or acceleration of existing projects, the commencement of new development projects, and the pursuit and engagement in revenue generating opportunities through Original Equipment Manufacturer (OEM) collaboration and other partnerships.

What does the company do?

Li-S Energy has made key technological breakthroughs with potential to make lithium-sulphur (Li-S) batteries commercially viable by extending their cycle life. The company notes that this is creating a genuine alternative to mature lithium-ion (Li-ion) battery technology.

It isn’t hard to see why investors are excited about the technology. With a theoretical maximum energy density more than 5x that of lithium-ion, lithium-sulphur batteries have the potential to substantially extend electric vehicle (EV) ranges and device battery life.

Li-S Energy’s CEO, Dr Lee Finniear, spoke to the Motley Fool and revealed that he was pleased to see investors respond so positively to the company’s IPO today.

He commented: “It’s wonderful to see Australian investors get behind home grown technology. We’ve been delighted with the market’s response to the listing and look forward to the future growth of the company.”

Dr Finniear also notes the company’s significant market opportunity and appears optimistic that EV manufacturers will be taking note of its technology.

“With the massive growth forecast in the EV and battery market, and the demand for higher energy, lighter, safer batteries, we expect strong interest from EV manufacturers and others who are well aware of the limitations of existing lithium ion batteries,” Dr Finniear added.

All in all, the Li-S Energy share price will certainly be one to watch. If the company delivers on its aim to transform the EV battery market, it could have a very bright future ahead of it.

The post Li-S Energy (ASX:LIS) IPO booms amid excitement over huge market opportunity appeared first on The Motley Fool Australia.

More reading

• Why is the ASX All Ordinaries (ASX:XAO) struggling lately?
• Are there new Vulcan shares about to hit the ASX?
• ASX 200 Weekly Wrap: ASX puts earnings season to bed with another rise
• Woodside (ASX: WPL) share price leads ASX 200 energy sector giants on Wednesday
• ASX 200 Weekly Wrap: A mixed bag of earnings dominates ASX

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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